Butterfly Network - BFLY Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Butterfly Network in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BFLY shares.
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2 equities research analysts have issued 12-month price targets for Butterfly Network's shares. Their BFLY share price forecasts range from $4.50 to $9.50. On average, they anticipate the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 154.5% from the stock's current price.
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Butterfly Network's stock was trading at $2.46 at the beginning of 2023. Since then, BFLY shares have increased by 11.8% and is now trading at $2.75.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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Butterfly Network, Inc. (NYSE:BFLY) posted its quarterly earnings data on Monday, November, 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.25) by $0.18. The business earned $14.62 million during the quarter. Butterfly Network had a negative trailing twelve-month return on equity of 37.78% and a negative net margin of 204.70%.

Butterfly Network issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $73.00 million-$76.00 million, compared to the consensus revenue estimate of $83.25 million.

Butterfly Network trades on the New York Stock Exchange (NYSE) under the ticker symbol "BFLY."

Butterfly Network's stock is owned by many different retail and institutional investors. Top institutional investors include ARK Investment Management LLC (4.99%), Baillie Gifford & Co. (1.06%), Exchange Traded Concepts LLC (0.21%), Sumitomo Mitsui Trust Holdings Inc. (0.19%), Raymond James Trust N.A. (0.06%) and Janney Montgomery Scott LLC (0.03%). Insiders that own company stock include Andrei G Stoica, Darius Shahida, David Perri, Larry Robbins, Mary Miller, Stacey Pugh, Stephanie Fielding, Todd Fruchterman and Troy Quander.
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Shares of BFLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BFLY stock can currently be purchased for approximately $2.75.

Butterfly Network (NYSE:BFLY) has a market capitalization of $551.56 million and generates $73.39 million in revenue each year. The company earns $-32,410,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis.

The company employs 463 workers across the globe.

Butterfly Network's mailing address is 530 OLD WHITFIELD STREET, GUILFORD CT, 06437. The official website for the company is www.butterflynetwork.com. The company can be reached via phone at 781-557-4800 or via email at investors@butterflynetwork.com.